Regent Peak Wealth Advisors LLC Grows Holdings in GE Vernova Inc. (NYSE:GEV)

Regent Peak Wealth Advisors LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 966 shares of the company’s stock after acquiring an additional 35 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in GE Vernova were worth $318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Castleview Partners LLC purchased a new position in GE Vernova in the 3rd quarter valued at about $28,000. Pathway Financial Advisers LLC acquired a new position in GE Vernova during the second quarter worth $29,000. Covestor Ltd boosted its stake in shares of GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of GE Vernova during the third quarter worth $31,000. Finally, Prestige Wealth Management Group LLC grew its holdings in GE Vernova by 175.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock worth $31,000 after acquiring an additional 77 shares in the last quarter.

GE Vernova Trading Up 2.8 %

Shares of GE Vernova stock opened at $401.84 on Tuesday. The company’s 50-day moving average price is $344.59 and its two-hundred day moving average price is $265.01. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $404.13.

GE Vernova announced that its Board of Directors has initiated a stock buyback plan on Tuesday, December 10th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to repurchase up to 6.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 0.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on GE Vernova from $367.00 to $374.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Oppenheimer began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Morgan Stanley increased their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Bank of America boosted their target price on shares of GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, TD Cowen started coverage on GE Vernova in a research note on Thursday, December 5th. They issued a “buy” rating and a $400.00 target price for the company. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $321.35.

GE Vernova Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.